CORPO LIQ

Question 1

Asset

Answer 1

NRV (FVLCTS)

Question 2

Liabilities

Answer 2

Face Value/ amount required to settle

Question 3

unsecured With Priority

Answer 3

Legally

• Taxes
• salaries and wages

Juridicial or Contractual

• Liq Exp
• Trustee’s fee
• Admin Exp

Question 4

Creditors

Answer 4

• Fully Secured = whole Liabilitiy
• Partially = Asset + RP% of excess A-L
• unsec With prio = Taxes …..
• Without Prio = 0 + RP% of whole amount

Question 5

Interest Accrued

Answer 5

Added sa babayadan

Question 6

Dividends

Answer 6

not added to secure liab

Question 7

irrecoverable

Answer 7

Prep Ins and Intangible Asset

Question 8

RP%

Answer 8

NFA
_____________
Total Unsecured

Question 9

Total free asset

Answer 9

NRV + FS + PS not WP

Question 10

NFA

Answer 10

NRV - FS - PS - WP

Question 11

Net Income or Loss IDKKKKK TINGNAN NA LANG ULIT LOL HAHAHA

Answer 11

Asset
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
To be realized         xx
Acquired                  xx
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
                                 xx
Asset Not realized (xx)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Asset Sold (BV)       xx